Avoiding middle-income growth traps

Pierre-Richard Agénor, Otaviano Canuto, Michael Jelenic, 21 December 2012

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In the postwar era, many countries have managed to quickly reach middle-income status, but few have gone on to become high-income economies1. Rather, after an initial period of rapid ascent, many countries have experienced a sharp slowdown in growth and productivity, falling into what has been called a ‘middle-income trap’:

Topics: Development, International trade, Labour markets, Productivity and Innovation
Tags: income, innovation, investment, labour market reform, middle income

Ending the scourge of dual labour markets in Europe

Samuel Bentolila, Tito Boeri, Pierre Cahuc, 12 July 2010

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Never before has a crisis been so concentrated on youth in a large part due to labour market dualism – i.e. situations where there is a big difference between temporary- and permanent-contract workers. During this crisis there has not only been a hiring freeze but also mass layoffs of temporary-contract workers (typically held by younger workers).

As a result:

Topics: Europe's nations and regions, Labour markets, Welfare state and social Europe
Tags: Dualism, Eurozone crisis, labour market reform

France: The price of suspicion

Yann Algan, Pierre Cahuc, 25 November 2007

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Topics: Labour markets
Tags: competition, France, labour market reform, mistrust, retirement policy

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